The Commonly Uncommon Engelhard

THE COMMONL Y UNCOMMON ENGELHARD

ENGELHARD'S 5 TR.OZ. P - PREFIX PRESSED BARS

By AG Wire™
May 19, 2015

You think you have seen this bar before. It looks exactly like the 10 th series lOoz pressed bars,
same hallmark, same stamping, same rotary serial number font, but it's smaller, and it's rare.
It's an 8 th series 5oz bar, produced in a very short duration with a serial number run from
P000001 - P011800+/-. This variety has the common Engelhard look of the late 1970's and
early 1980's lOoz bars, and is often traded as just a run of the mill common Engelhard, but it's
clearly not that!

Throughout Engelhard's retail bullion tenure, 5oz ingots and bars were never the popular size
nor the big seller. Investors and collectors seemed to always favor the highly produced loz
bars and lOoz ingots and bars. And, as the story goes, when things aren't in favor for
whatever reason, they are discontinued, often with the unsold merchandise repurposed into
more popular ingots and bars. Fewer than 12,000 Engelhard 5oz 8 th series bars were
produced in 1980-1981. Far less than that number exist today. And while these bars maybe
aren't as rare as a 5 T.OZ ingot of the early 1970's, they precisely represent the look and
presentation of benchmark Engelhard heritage in a package that defines All that is Engelhard,
and the essence of value in bullion.

Surprisingly, these bars are often found on eBay auctions, and are sold at prices that we feel
are absolute steals for a bar of this scarcity and beauty. Recent sales have been in the $180 -
$225 range for the mid to higher serial number range bars, and a bit higher for the lower
POOOxxx bars. While these are healthy numbers across the board based on current spot price,
they are a true pittance in relative terms and a sure bet bargain for collectors, that is, while the
opportunities still exist to acquire them.

AGWire tm is a conduit of the AIIEngelhard Society. All representations are opinion and not to be taken as financial advice. Visit
AIIEngelhard.com for more specific information on Engelhard bars and ingots. Additional readings are available at this link to the
AIIEngelhard.com website: http://allenqelhard.com/community-links/ae-in-the-news-2/

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